Realty Income's (O) "Outperform" Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Realty Income (NYSE:O - Free Report) in a report released on Monday,Benzinga reports. The brokerage currently has a $62.00 target price on the real estate investment trust's stock.

Other equities analysts have also issued research reports about the company. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Scotiabank lowered their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.04.

Realty Income Price Performance

O stock traded down $1.01 during mid-day trading on Monday, reaching $54.99. The company's stock had a trading volume of 2,873,232 shares, compared to its average volume of 4,833,778. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company's 50 day moving average is $54.66 and its two-hundred day moving average is $58.47. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market cap of $48.12 billion, a PE ratio of 52.37, a P/E/G ratio of 1.93 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $1.02 EPS. The company's revenue was up 28.1% compared to the same quarter last year. Equities research analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income's dividend payout ratio is presently 301.91%.

Institutional Trading of Realty Income

A number of institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock worth $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Raymond James & Associates increased its position in Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock worth $137,502,000 after buying an additional 1,107,493 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.